Royal Commission report release revealed

by Rebecca Pike29 Jan 2019

The office of the Treasurer has revealed that the final report will not be released on Friday. 

According to the release, the Australian Government will still receive the final report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry on Friday 1 February 2019.

However, it will not be released publicly until 4.10pm on Monday, 4 February, after the ASX closes for the day. Following its release, the Treasurer will hold a press conference at Parliament House.

The interim report was released in September, when Treasurer Hon Josh Frydenberg released the report the same day. 

During his speech at the time he called the report "frank and scathing" and thanked the commissioner for his work. 

He said the Royal Commission was announced last year because "the culture, conduct and the compliance of the sector is well below the standard the Australian people expect and deserve".

Speaking on ABC's 7.30 program last night (Tuesday) Prime Minister Scott Morrison said, "It's important we ensure stability on how we respond to this report, and making sure the economy can continue to kick along without any unnecessary shocks."